Midwest Trust Co Buys 34,529 Shares of Accenture PLC $ACN

Midwest Trust Co boosted its position in shares of Accenture PLC (NYSE:ACN) by 104.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 67,548 shares of the information technology services provider’s stock after buying an additional 34,529 shares during the quarter. Midwest Trust Co’s holdings in Accenture were worth $13,394,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new position in Accenture in the 4th quarter valued at $2,146,995,000. Voloridge Investment Management LLC purchased a new position in Accenture during the 3rd quarter valued at about $311,694,000. Franklin Resources Inc. raised its stake in Accenture by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 8,173,338 shares of the information technology services provider’s stock worth $2,192,907,000 after buying an additional 1,122,855 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Accenture by 84.0% during the 1st quarter. Pzena Investment Management LLC now owns 2,405,683 shares of the information technology services provider’s stock worth $477,023,000 after purchasing an additional 1,097,961 shares during the last quarter. Finally, FIL Ltd boosted its holdings in shares of Accenture by 33.5% in the 4th quarter. FIL Ltd now owns 3,921,049 shares of the information technology services provider’s stock valued at $1,052,017,000 after buying an additional 983,840 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ACN shares. Oppenheimer set a $201.00 price objective on Accenture in a report on Monday, June 8th. Susquehanna decreased their price objective on shares of Accenture from $186.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. DA Davidson dropped their target price on Accenture from $275.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Guggenheim dropped their price target on shares of Accenture from $225.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Finally, Mizuho dropped their price objective on Accenture from $280.00 to $226.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $193.19.

Accenture Stock Performance

Accenture stock opened at $135.19 on Monday. The firm has a 50 day simple moving average of $160.28 and a 200-day simple moving average of $203.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $90.28 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.13. Accenture PLC has a 1-year low of $118.15 and a 1-year high of $291.09.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. The company had revenue of $18.72 billion for the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, analysts expect that Accenture PLC will post 13.85 EPS for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.8%. The ex-dividend date is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is 52.08%.

Accenture announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.